An Easier Way to Roll: IRAmarket Teams with Wealth Management Systems to Reduce Paperwork for New IRA Rollovers

Share Article

New Relationship Helps Savers Compare IRA Providers and Open New Accounts Securely on IRAmarket.com

Lower retirement plan fees can help you save more money.

“Many Americans can save on fees and better organize their retirement plans by rolling over old 401(k)s to IRAs after they change jobs or retire," said Bill McNulty, CEO of IRAmarket

New York, NY (PRWEB)March 08, 2012

IRAmarket.com launched a new service today that helps reduce the paperwork for 401(k) rollovers to IRAs. Enhancing IRAmarket's comprehensive comparison of IRA providers’ services and costs, the new features help users complete new account applications using a secure online process. The new features are powered by Wealth Management Systems Inc. (WMSI), the leading provider of online rollover services to the financial services industry.

A number of WMSI's top partners will initially be available on IRAmarket.com and more WMSI clients will be added in the near future.

“Americans change jobs on average every four years,” said Bill McNulty, CEO of IRAmarket. “Many of them can save on fees and better organize their retirement plans by rolling over an old 401(k) to an IRA after they change jobs or retire. But paperwork is one of the big barriers to getting it done. We’re happy to be working with WMSI to make it easier for people to open rollover IRAs directly on our site.”

Founded in 2000, WMSI provides a trusted technology platform linking retirement plan record keepers and IRA providers. Through this connection, WMSI creates a round trip rollover process for retirement plan participants providing a choice of IRA options from the brands they know and trust, account opening services and the coordination of distribution requests. Rollovers are processed quickly and easily online, and at no cost to the participant, in less than 20 minutes.

“WMSI is continually looking at new ways to connect investors to our tremendous list of IRA partners. The partnership with IRAmarket enables WMSI to market our world class lineup of partners and streamlined account opening processes to retail consumers directly,” said John Geli, CEO of WMSI. “This has the potential to transform the way people think about and engage in the rollover process while creating new opportunities for our network of clients.”

About IRAmarket

IRAmarket helps Americans save more for retirement. At IRAmarket.com, savers can learn about retirement plans, compare banks and brokers, and rollover an old job’s 401k or 403b to an individual retirement account (IRA). Many savers can keep more of their hard-earned money by reducing the cost of their retirement plans after they change jobs or retire. IRAmarket makes it easy for savers to compare IRA providers’ services and costs. Leading IRA providers work with IRAmarket to gain new accounts and retirement assets.

Wealth Management Systems Inc. (WMSI) is the leading provider of technology-based rollover services within the financial services industry and is connected to recordkeeping platforms servicing over 12 million participants today. WMSI creates a round trip rollover process that significantly streamlines the rollover process for participants while addressing the unique needs of IRA providers, financial advisors, TPAs, and plan sponsors. Additional information about WMSI is available at http://www.wealthmsi.com.